Lincoln National Corp. says it is withdrawing listings of its common stock and convertible preferred stock from the Chicago Stock Exchange.
Lincoln, Radnor, Pa. (NYSE:LNC), says it has notified the Chicago exchange about its decision to withdraw the listings.
Lincoln believes it can continue to meet investor needs to keeping its New York Stock Exchange listing while lowering the cost and compliance requirements associated with maintaining the regional exchange listing, the company says.
Trading of Lincoln shares on the facilities of the Chicago Stock Exchange will still be available on an unlisted basis,” the company says.
The date when Lincoln listed its shares on the Chicago Stock Exchange was not immediately available, but Lincoln has been a publicly traded stock company since 1968.
- Allison Bell